PepsiCo (NASDAQ:PEP) Upgraded at DZ Bank

DZ Bank upgraded shares of PepsiCo (NASDAQ:PEP) from a hold rating to a buy rating in a report published on Tuesday, Marketbeat.com reports. DZ Bank currently has $167.00 price target on the stock.

PEP has been the topic of a number of other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Evercore ISI raised their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Bank of America raised their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Morgan Stanley raised their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $156.95.

PepsiCo Stock Performance

Shares of PEP stock opened at $151.51 on Tuesday. The company’s fifty day simple moving average is $145.95 and its 200-day simple moving average is $139.54. PepsiCo has a 52 week low of $127.60 and a 52 week high of $174.00. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a market cap of $207.17 billion, a PE ratio of 28.80, a P/E/G ratio of 3.72 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter last year, the firm posted $2.31 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities research analysts anticipate that PepsiCo will post 8.3 EPS for the current year.

Institutional Investors Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently modified their holdings of PEP. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth about $25,000. Evolution Wealth Management Inc. bought a new stake in shares of PepsiCo in the 2nd quarter worth about $27,000. Elite Financial Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth about $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo in the 2nd quarter worth about $29,000. Finally, Vermillion & White Wealth Management Group LLC increased its position in shares of PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.